really care and they want to be better investors. by the way, not for selfish reasons, right in people just want to see that the nation is doing well. they want to make sure that they're doing well, their family is doing well. and it's so a ironic because everyone, we talked about a gold, right? you have to talk about gold these days because the move that it's made, it's an historic move, hit 2400 for the very first time, but it's also the velocity. it's telling us something. it's saying something is absolutely wrong. and this, it's interesting, when you get this shiny metal and main street on the same page. because main street has been telling us something is wrong for a long time. the lack of leadership, the lack of fiscal restraint, the lack of resolve from elected officials to get anything done except spend more money. now, i can tell you right now though, here's the most beautiful thing. people are very, very optimistic. the people behind me and we know in america, we always remain optimistic about the future even though we're dealing with a

tough time now. i want to say see you later from the money show. thank you, everyone. [applause] over to liz claman. liz: charles, thank you very much. safe journey backful folks, we've got some breaking news. what i want to do right at the top is show you the vix, the market's fear index. right now it is up about 22.5%. it's actually off the lows -- off the highs of the session, rather. this on a flurry of headlines including fresh bank earnings and more warn warnings from the federal reserve bank presidents hitting the tape. the headlines, while they're not all market-related, are affecting stocks. risk off. if you look at the major averages at 30,000 feet, you've got the dow down 564 points. it has now fallen below the 38,000 level, we're at 37,898. and you can see here the s&p down8. that is a fall -- 88, that is a fall of 1.7%. the nasdaq falling from yesterday's record close at the moment has now completely reversed, down 309 points, erasing yesterday's gains. that is a loss of 1.9%.

the russell once again getting clocked the worst of all a, down 2 plus percent or 44 points. but let's get you caught up on the primary headline that's making traders and investors very nervous about going into the weekend long stocks. we've got a serious ramping up of tensions between israel and iran. cbs news reporting that iran could attack military sites in israel as a early as today. using missiles and drones. the u.s. is moving warships into position right now if where they will be able to protect israel or prevent a direct attack. america, france, russia, india and some european countries have now issued travel warnings for the region. the airlines that offer routes to and around the middle east including air france, united, american, delta, they are the all in the red. you've got air france down about 4.5% followed by american airlines down nearly 4%, ual down 3.75%, delta down 2%. the u.s. specifically warning

against travel to israel and to the palestinian territories. the high alerts in the middle east having the reverse effect on oil and gold although earlier gold was sparking much high or. we have -- it has now reversed. but brent in the aftermarket session up about half a percent. same with light sweet crude. let's look more closely at gold. hopefully beyond the hot board, we can show you an intraday. perfect. week to date it is a flat move. but if you look intraday, you can see that earlier this was up more than $30 a troy ounce here. classic flight to quality. the yellow metal earlier hit a brand new record high of $2,448 per troy ounce, right now we're at a $2,351. investors fleeing to the safety of government bonds as geopolitical concerns weigh on the markets overall. treasury prices surging, and that means that bond yields go in the reverse direction. the 2-year treasury yield now back below 4.9, we've got it at

4.89%. since april 1st when israel struck iran's syrian consulate killing zell islamic revolutionary guard officers, there has been the worry that iran would launch a reprisal. gold gaping over that time -- gaining over that that time about 5% or, as you see, it was at $2,352 right now, it was below $2,260. all right. let's look at geopolitical tensions. they are burning the markets right now, so we'll take you straight to the pentagon and fox news if chief national security correspondent jenniferer if griffin. jennifer, there's some breaking headlines now out of lebanon,s we understand. >> reporter: that's right, liz. israel's iron dome and patriot missile batteries were activated just a little while ago to intercept 40 rockets and 2 drones fired into northern israel from southern lebanon. i'm told by well-placed u.s. officials that this is not the anticipated iran retaliation, but it did light up the night sky this if month israel. in northern israel.

i've nebraska seen things so tense with the potential for a wider war to break out between israel and iran which could draw the u.s. and others into a wider middle east war. until now the u.s. has been facing iranian proxies. but in the wake of the israeli strike on april 1st in damascus that killed the iranian revolutionary guard general and six other top iranian commanders responsible for arming iran's proxy groups, iran appears poised to avenge that attack with a massive show of force targeting israeli territory. >> translator: the wicked regime of israel made a mistake in this case. it must be punished and it will be punished. >> reporter: in recent days the u.s. has prepositioned additional military assets in the region. the attacks by the houthis supported by iran continue to threaten u.s. ships in the red sea. tensions are at an all-time high. u.s. officials tell me that they have seen movements suggesting that iranian ballistic e missile ises or one-way attack drones

could launch any day now. israeli war planes are patrolling the skies along the borders, and israel's military has been put on eye high alert for a massive missile and drone strike that is expected to emanate from iran. the u.s. embassy told americans who work for the embassy not to leave tell a avive, jerusalem and to avoid travel to the north south of israel. the head of u.s. central command was in israel today to meet with israel's minister of defense who praised general coapril la as a true friend of israel. the general briefed his israeli defense counterparts on the latest intelligence and remains in the region. what's unusual, liz, is for iran to telegraph its response to such a degree. it usually relies on proxies and terrorism and waits. it's clear this time, similar to the response to the u.s. killing of the irk rgc's general qassem soleimani in january of 2020, that the it wants a big show of force in response. israel and u.s. forces across

the middle east remain on high alert tonight. liz? liz: yeah. the the telegraphing part, i would think it makes sense. why would they warn everybody? but, of course, there is good intelligence that is maybe running ahead of that. we will continue to watch it. jennifer griffin, thank you very much. well, just yesterday the nasdaq hit a fresh record turning positive for the week, but now forget it. we're looking at a negative picture after mega-cap growth stocks and chip makers back pedal right now. big banks jpmorgan, citi, wells fargo falling after reporting earnings. the biggest loser on the dow jones industrials if we look at the heat map, you will sees the jpmorgan, down 5.8%. so the largest of the market caps of those three banks that reported this morning that beat estimates, yeah, 6% growth in q1 for jpmorgan. but investors are honing in on a big miss for its full-year net interest income, or nii forecast. that's the difference between what banks earn on loans and what they pay out for deposits.

as well as continued warnings from ceo jamie dimon about persistent inflation. the net interest problem is not just an inshy for jpmorgan -- can issue. wells fargo investors are also pressing the sell button, down about three-quarters of a percent if. and if what you see here is that net income interest income fell 8% annually in the first quarter x this even as it beat top and bottom line expectations. and so did citi. citi is falling nearly 2% although the country's third largest lender saw a 28 decrease in profits compared to a year ago a. and it's not just this week that investors are selling equities. bank of america reports u.s. large cap stocks saw 15.8 billion of outflows in the week ending wednesday. that would be the largest in 16 months. traders and investors very nervous about sticky inflation, wondering when rates will -- at least rate cuts would be pushed out further and, of course, the geopolitical piece of all of this fueling the risk-off sentiment. how long will that go?

let's bring in sarge guilfoyle, our trade or and rbc cap mall characters director gerard. sarge, we're looking at a significant selloff. doesn't seem we had any follow through from that 271-point gain on the nasdaq yesterday. i mean, is it all israel-iran concerns? we've got the concerns about inflation being sticky. what else? >> actually, we are having a follow through today. on the 4th of april, the s&p gave up 1.2%. today is the follow through from that move. liz: i see. >> today is the day that we maybe confirm a change of trend back on april 4th. so god forbid if something happens over the weekend with iran and israel or just sellers moving to the market because what's going on with our own economy, our own central banking, we may have had a change in trend. i think what you want to do here is probably buy inflation more than anything else. i'm with you with the banks. i'm long wells fargo.

that's the only one of the large bank withs, i believe that that their net interest income was in line with guidance, so i think they're okay. and they're not so much mixed up with all of the gravy in the banking industry. they're more meat and potatoes, so they're okay. but i think you're going to want to -- i'm going to be long defense names, agriculture names, precious metals and interest rates. that's what i'm buying today and this week. liz: okay. so that's the way you believe if inflation stays sticky, people can really add some oomph and some ballast to their purchase. i want to bring in gerard. gerard, looking at the banks here, you got an outperform on wells and on jpmorgan. tell me exactly what -- sorry, you've got a sector perform on wells. tell me what you glean from the three big names together and which ones stand out best and worst for you today. >> sure. thank you for having me on your program. the numbers were very similar for all of the blanks, and the -- banks, and the numbers were actually very good.

i think the selloff has to do with the market in general. but also these stocks have been up strong year to date, very good performers. but when you look at the drivers of revenue, they all had stronger fee revenue driven by stronger capital markets businesses, particularly investment banking. second, they all had very strong credit quality. one of the things that sometimes is overlooked is that with the fed not likely to cut as often as what people thought on the fed funds rate, that is, at the beginning of the year it's because of, yes, sticky inflation but also because of economic growth. right now the real gdp number forecast from the atlanta fed for the first quarter is calling for over 2% real growth. and many of the banks last year set up the reserves in anticipation of a recession. we're not having a recession. so now you're seeing better credit quality which is ooh another reason the stocks -- the earnings did better than expected. but everybody is focused on net

interest income, and the reason being that jp morgan did not guide higher, they guided in line. and everybody thought they were going to guide higher because of fewer e fed if fund rate cuts, and that was the disappointment. liz: well, yeah. they're getting punished. it's like what have you done for me lately. it's never enough for wall street. sarge, you have liked defense stocks. we're talking about military defense stocks. give me a sense of what you think is happening here. and the intraday is less important, i think, with these defense stocks as it is over maybe the past couple of months, because that's where we see all of the tension piling on. but this israel-iran piece of it is getting very fractured. >> oh, indeed. and don't forget many in eastern europe, that war is starting to go poorly for ukraine. so all of our nato allies are probably going to be needing to beef up even further. they may not have the fiscal budgets to do it, but they're going to have to force it. so lockheed martin just landed yesterday a $4.1 billion deal

from the dod to develop and create and distribute a command and control system for the missiles defense agency. so that's a lot of words. it means they're going to get paid a hell of a lot to deliver the assistance of the entire dod. northrup gum manage another name that hasn't been strong of late but it's starting to show strength in this market, that's hypersonic missiles. they're a technology where we are actually behind the russians and behind the chinese, and they're indefensible. so if we were to be attacked by a nation that had capable hypersonic misstyles, we probably couldn't -- missiles, we probably couldn't shoot them down. what lockheed, raytheon and northrup are all doing is working on offensive and defensive hypersonic missiles. even if it breaks us, we have to spend on this technology. liz: i just want to check on the dow, down 547 points. gerard, which has the best profit potential? and i'm not just talking about the three that reported today, but the overall financial

sector. and do you have any worries about the regional banks here? and i bring that up because we just had marc lasry, the billionaire investor who loves to buy distressed, and he said to us this week that it's not only a possibility that another regional will fail, it is a distinct probability. >> boy, wow, that's, that that's pit strong words. liz: yep. >> we don't see that at all. when i think of regionals, or i'm talking about banks over $50 billion in assets. could there be smaller regional a banks with a billion in as sets or 4 billion? the that's possible. but when you look at the big banks, they're so well capitalized. they have minimal exposure relative to 1990 and '08-'09, to commercial real estate office space which is where the problems are. but getting back to your point, who could put up good numbers -- liz: yeah. >> -- all the banks are going to struggle this quarter with the net interest income. they're looking to have it bottom out in the first half of

this year because of the pressure on net interest margins. liz: okay. >> and we're looking for this inflection point to come in in the middle of the year and show better net interest income. and so i would say that fifth third stands out as a regional a bank that investors could buy. m&t bank corp.. is another one, two very well managed banks and banks that have very strong capital levels as well as good underwriting. liz: as the markets continue to dump can out here, there are still opportunities especially when they're cheaper on a day like today as we are pretty much close to the height of the selloff. thank you both very much, sarge, gerard. always a pleasure. hurricane season is just around the corner, but that is not the only threat facing the american power grid. the ceo of generac is here live to tell us how his generators fit into the all of the above energy policy really needed to each the lights on in every american home including yours. this is a fox business

exclusive. you do not want to miss it. the first trust nasdaq clean edge smart grid infrastructure index, ticker grid, you know, over the six months this is what is anticipated, that people are worried with about the health of the grid and that there may be buildup, so that would be beneficial to many of the names in this etf. six months, it's up 17.ing %. "-- 17.8. "the claman countdown" continues in just a moment. we've got the vix up 23%, continuing to climb. muck. ♪

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liz: okay. i'm just keeping an eye on the nasdaq. low of the session, a loss of 3 16. right now the nasdaq is down about 306. s&p has been really circling

around the drain of the lows of the session. the u.s. power grid is currently barreling toward a breaking point. hurricane season, sorry to tell you, begins in just two weeks. severe weather could drive increased power outage activity. but that's just one of many stressors threatening the grid. artificial intelligence computing which soaks up so much energy, electric vehicles, bitcoin mining, all of that causing an unprecedented surge in electricity demand. so much so that electric utilities have neary doubled forecasts -- nearly doubled forecasts of how much additional power they will need by 2028. we're not just talking about the east coast, we're talking about georgia and the southern states too. so as worries bear down on the grid, where can businesses, consumers and investors look for solutions? joining us now, generac chairman and ceo aaron y'all felt. aaron, we have been talking for years about the worries about the grid. are we any closer to policy that has improved the picture?

>> you know, we've made some strides, but i think the big kernel of information is exactly as you said. the a.i., you know, the boom here of a.i. has a really caught everybody flat footed. all the utilities, the grid operators in terms of the forecast. because the forecasts continue to change very rapidly. and and this is a huge amount of demand that's going to come on the grid. and the grid was already struggling, as you said. whether it's e e r adoption or dealing with the i februaries of more severe weather, all of these things have put tremendous stress on the grid, and we've been seeing that in our business for the last 25 years. liz: snow in the southern states that never used to get it. georgia power was saying in the next couple of years we have to absolutely double what we need for the winter. >> right. liz: forget the hot summer. that was already baked in. so as you look at the landscape here, let's bring in the a.i. picture. so these data centers,. >> you stunned by -- are you stunned by how much they have changed the landscape of energy

consumption? >> absolutely. a single chatgpt request takes 17 times more energy than a google search. liz: why, wait, explain that. >> the energy intense deof that particular compute, right, it goes off into the cloud and it comes back, the amount of energy it takes to answer that chatgpt question that you've asked is 17 times the energy. so you think of that in terms of the multiplication of that across all the different applications where a.i. is sewing up, and it's showing up everybody where in businesses, in communities. every part of our lives is going to be touched by a.i. in the future, so the buildout of the data center is needed -- data centers needed is a tremendous amount of power. the amount of power that's going to be consumed by day that centers in five years' time is triple where it's at today. it's the equivalent of adding 40 million u.s. households to the grid in 5 years' time. liz: so i'm thinking about how for every action there's an equal and opposite reaction it's an up intended consequence, possibly both. arm's ceo re -- rene haas, he

has put out a warning in just the past couple of days in essence saying data centers could consume something like 20-25% of u.s. power requirements up from the current 4%. >> right, exactly are. it's stunning. liz: okay. so this brings me to generac and the home generators and the business generators that you all make. people are now looking and worried. they really are concerned, and they want to insure that their homes and businesses will be bullet proof proof to these kinds of outages. >> right. liz: are you changing anything you're doing in how you manufacture in. >> well, we've been adding capacity. we've been looking at the future, and this is, of course, prior to these trends that we're talking about here with a.i. this is the relatively new within the last year. liz: yeah. >> really sudden in the content of how quick ally manager has changed. so -- something has changed. when you talk about the conversation, we're left getting inquiries from people,

homeowners or, business owners who are incredibly concerned. power quality was already a problem before this discussion around a.i., so the idea of keeping the grid in balance are, right, having enough supply and at the same time changing the mix of supply. we're moving away from some of the traditional thermal assets like coal and gas in favor of renewables with wind and solar. liz: and you've been smart by expanding your business. you bought echo b which, of course, is the smart thermostat. a bunch of people many california have these in their homes, not to mention a spanish company, smart ev charging, but your stock is reflecting that. your stock has handily beat the s&p 500 over the past 52 weeks. >> right. liz: how do you keep that trajectory going? >> again, we're expanding ourselves into areas that -- we call it energy technology, right? it's more than just about the generator part of our business which will always be an important part, but as the technologies change and as we look towards the future, it's not just about resiliency. that's always an important aspect for peace of mind, the

peace of mind that a gives you, but it's about the cost of energy going forward as well. to add the supply we're going to need to take square of the added demand that's -- to take care of the added demand, we're going to add a lot of cost to the grid can, and that's going to be borne by rate payers. liz: great. that's exactly what i didn't want to hear. it's amazing, 17 times as much as a google search. >> unbelievable. liz: we appreciate the new information and keeping our view ors ahead of all this. thank you. >> thanks, liz. liz: a report relating to it medication for pents, we will have the details -- for pets, how that's moving the talk in just a moment. it happens to be one of the top holdings in the pet care etf, pawz. we've got it up over 7% over six months but today down 3%. dow is losing 534 points, we are coming right back. ♪

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liz: breaking news, moments ago president joe biden wrapped up remarks at the white house speaking to the national a action convention i but made this fuse when reporters -- news when reporters asked questions about iran and israel. >> what is your message to iran at this moment? >> don't. [inaudible conversations] >> mr. president, americans at risk as well? >> we are devoted to the defense of israel. we will support israel. we will help defend israel, and iran will not succeed.

thank you very much. liz: so we've seen a very slight moderation in the price of oil. keep in mind we are in the aftermarket session right now. crude is at $85.46. it had been higher. it's up still about half a percent, brent was more above 90, it was about $90.if 87, or but right now it's at $90.18, and arbob gasoline gaining three-quarters of a percent to $2.79. as we told you earlier, the u.s. is at this hour moving its red sea naval vessels into position in order to defend or prevent an attack on israel by iran. this after israel's iron dome intercepted more than 40 rockets, that is what you are seeing on the screen right now, when an attack came flying in from southern lebanon. 40 rockets were intercepted. fox business alert, let us get to some individual stock names and sectors. chinese ev makers in the red at

this hour after senator sherrod brown called on the u.s. government to ban chinese-made electric vehicles. the senator is doing so as he scenings to protect autoworkers in his -- seeks to protect autoworkers in his state. brown warped that the level of government -- warned that the level of government subsidization in the chinese auto industry would result in a flood of super cheap evs in the u.s. so right now li auto is down 4%. n if io's now at $4 and change, down 7% -- nio. xpeng down nearly 10%. animal health company sow it disis near the bottom of the s&p 500 after a "wall street journal" report linked possible side effects from its pet arthritis drug for cats and dogs, the journal reports some pet owners have blamed the company's drugs for sickening their animals. they told reuters its medicines are safe. the stock right now sill

plumbing the depths here, down about 7.9%. novo more disk, the pharma giant whose stock has soared 50 or so percent over the past year getting some good news. the european union's drug regulator saying it e has found no link between weight loss drugs and suicidal thoughts. the 9-month review started after a iceland's health regulator flagged three cases of patients thinking about suicide after novo's popular anti-obesity drug ozempic was introduced to them. shares of insurance company global life have been on a wild ride this week after a short seller's report alleging financial misconduct, so today the stock is up 18%. but yesterday it plunged 50%. the rout began after a report from outfit fuzzy e panda research which said that the it found extensive allegations of insurance fraud. global life said the analysis is deliberately false, misleading and defamatory. we were just talking about

artificial intelligence with aaron crag fed? it is disrupting businesses big and small. one pandemic darling has just made a big announcement on turning the disruption into a turning point for the pivotal moment of all its digital business. the docusign ceo is here live to tell us how he plans to harness a.i. as a growth engine. stay tuned. it's a fox business exclusive. and melissa rivers, the daughter of red carpet fashion expert and comedy icon joan rivers, joins me on a brand new episode of my everyone talks to liz podcast. well, of course, laughter, as we know, is the best medicine. melissa was sometimes the butt of her mom's jokes, but she was lucky enough to have a front row seat to it all. yes, her mother, ground breaking comic. we discuss joan's signature humor, melissa's unique career path and how she uses her mom as an inspiration in her life. and the number one question of them all? whether joan's career would have

stood the test of time now, in 2024, in the wake of cancel culture. wait until you hear what she says. oh, she's. so much fun. make sure to listen on apple, google, spotify, iheart radio, wherever you get your podcasts. it drops tomorrow. ful dow is still losing about 548 points. ♪ ♪ ♪ the road to opportunity. is often the road overlooked. at enterprise mobility, we guide companies to unique solutions, from our team of mobility experts. because we believe the more ways we all have to move forward

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what does a good investment opportunity look like? at t. rowe price we let curiosity light the way. asking smart questions about opportunities like clean water. and what promising new treatment advances can make a new tomorrow possible. better questions. better outcomes. liz: we do have this market selloff, and we want to show you all 11 s&p 500 sectors. they are lower on the session. the worst is basic materials along with the tech, health care, consumer cyclicals. you know, depending on the second that you're looking at these, they're wiggling around, but not a great day. the worst -- the best of the worst, utilities, financials, real estate. let's get to a tech name, docusign. despite charging higher earlier in the session, it -- like the rest of the stocks out there that had been doing pretty well -- kind of reversing here, brought down by what you see with the s&p, the dow and the nasdaq.

ubs did upgrade the e-signature company to a neutral from a sell and raised its $48 price target to $62 and change. right now it's at $58 and change. this as docusign just announced a brand new platform if with the help of artificial intelligence. [laughter] it's a new system called the intelligent agreement management platform, and it uses a.i. to assistance form the way companies draft and negotiate contracts. docusign says the new offering will help address the $2 trillion in global economic losses due to the slow and error-prone contracting process. $2 trillion. joining me now, dock you sign's ceo, allan thygesen. how did to you put a number on that? >> they did a big study globallingly, and we're looking at every sector, size of country, company and it's a combination, as you say said, of the inefficient processes to develop and negotiate agreements. and then once people have the

agreements, they go into a deep, dark place. nobody ever looks at them again. so all of this embedded value in these agreements is lost. liz: don't they have to constantly change? >> well, exactly. and so what we're seeing is today these are static documents, but the reality is we want to compare them to what actually happens, to other agreements with similar company, and that allows companies to continuously improve. that's the system that we're developing. liz: and tell me about how a.i. figures into it. they must stand at the blink -- scan at the blink of an eye for all kinds of errors. we're talking about legal documents, commercial real estate, all types of business contracts. >> absolutely. we've used a.i. for a long time. when you use docusign is, we're recognizing all the -- on a page, that's a.i. but, obviously, there's been a tremendous discontinuity in the capability, so we're now able to ingest all of the agreements that companies have, extract the essence of those agreements -- when are they up for renewal,

what's the economic value, what are the exception terms -- and present that to whether it's your legal team, your purchasing team, your sales team, they can each have their own access. and then take action. liz: can you give me a specific example of maybe a customer that you tested this on or have worked with on where they lost a lot are of money because of with errors in a document? >> well, absolutely. so maybe less about the errors in the document and more that they, they're not capturing the value in the document. so many companies, of course, procure business services, and they've signed agreements with their vendors, and then today don't follow up and the vendors hen bill them in ways that are not according to the contract or fail to deliver what they promised. and if you're a large company, there's a lot of that going on -- liz: slips through the cracks. >> you're not able to follow up on it. liz: how much could this add to your bottom line? >> this is a very meaningful -- it's a $2 trillion value estimate -- liz: globally. >> there's a lot of opportunity there. we're not putting a number on it

for docusign. at this point we put our estimates out there, and we're keeping those, but we think this has the potential to be the long-term growth engine for us. liz: it hasn't exactly been an easy run for you since you have taken over in the past couple of years. i recall in december there was almost like a near-death experience, and there was word that docusign was exploring possibilities of aal sale. is that off the table now? >> well, i can't comment on any rumors, but i will say is we are focused on building a great independent public company, and i think this week's developments and what we've announced and all the customer feedback we're getting is so tremendous. i think that points to a very positive future for us. liz: what do you want investors to know? because the stock is up 52% over that period. but it is certainly nowhere near the highs of the pandemic e. what would you like potential investors to know that would maybe make them want to buy this stock in because people are nest about docusign. >> yeah. well, i think we've stabilized our core business, the signature business that we're so well known for, and we now have this

much broader opportunity to capture much more value. so you think about docusign's opportunity, we have tremendous coverage, a million and a half customers that are paying us monthly, tremendous trust with companies because of the fact we already have their agreements and have served them well over the years. tremendous position, we're the largest player focused on agreements, and now with this additional a.i. development, we can take advantage of all of that together and create a much larger company. liz: i'll tell you, i just used it yesterday. >> well, please keep signing. liz: hugely disruptive. good to see you. we'll continue to follow the a. i'm sorry part of all of this. i'm sure you were interested in what aaron said of generac -- >> he was terrific. liz: this a.i. new challenge. >> i do think that's a challenge for some of the big tech companies, that the unit economics of doing this, consumer services like search are challenging. liz: somebody's got to figure that out. >> they're working on it. liz: thank you very much. >> thank you. liz: great to have you, alan a thygesen. all right, charlie gasparino is

working the phones across wall street trading desks. he is about to join us on what they're hearing about the developing situation in the middle east. remember yesterday, he had some big stories on that, so we are going to get a follow-up from him when we return. stay tuned. ♪ nherited the best traditions. (woman 2 vo) i have a great boss... it's me. (man 1 vo) i have people, people i can count on. (man 2 vo) i have time to give (grandma vo) and a million stories to share. (grandpa vo) if that's not rich, i don't know what is. (vo) the key to being rich is knowing what counts.

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liz: we should pipe through a live picture that we happen to have right now. the israel lebanon border, while it looks peaceful at this m oment. it's 10:51 p.m. in israel right now. it was not earlier when the iron dome, the protective equipment and technology that israel has to shoot down rockets i ntercepted 40 rockets that were incoming from the lebanon side. most likely from hezbollah, the iran-backed organization. wall street trading desks are monitoring the emerging israel and iran conflict and part of the reason you see the selloffs in the market and off the lows of the session and potential major escalation in violence against the two sides and h eightening the economic impact and ending the federal reserve rate cut ambitions and putting biden's presidency possibly in jeopardy. joining us with more of what he's hearing is charlie gasparino. >> this is starting to get from a cold war to hot war; right. that's what we're kind of v

erging into right now. and you done want to make too much of it. ceo levels at major firms are monitoring this. in the old days, what would happen is everybody would come in next two days and all the traders, even bankers maybe. every ceo would be in. now because of remote work and technology, you don't have to do that. this is sort of all hands on deck weekend. i don't know if this is what they're waiting for and they clearly believe something is imminent and they're getting that word from the white house that there's going to be some sort of retaliation. i've asked people and people with sources inside the biden administration and theoretically the information is what the biden admin vagues is telling hem -- administration is telling them. what will be the response of israel if there's something major like a, not just the iron dome stuff, which they've been doing for years, but something that takes out something. and what they're hearing is it

could be the pay back from israel could be pretty d evastating and that's where this thing kind of gets, takes off into question mark where not just doesn't have the obvious geopolitical ramifications of a war. which is terrifying obviously in the middle east, but also the market implications. liz: we were looking at airlines and of course there's a travel warning about going to israel or palestinian territories they were selling off and not to mention oil. >> by the way, the markets are tating off again -- trading off again now. what i'm saying is that look for spikes in oil if this gets hot. depending on the israelly c ounter attack. look for, you know, spikes in interest rates and then the fed coming in and saying something like, you know, no rate i ncreases. no cuts. liz: i would think they would cut to help prop up or stimulate if there's a cut. >> you're going to get inflation and cut in middling of i

nflation? i can see what you're saying. liz: i see what you're saying. >> i can see what you're saying but think about that, usually if there's a war you cut. you have liquidity and calm the markets. liz: that's not going to work this time. especially with oil, copper has hit a recent highs. >> this is a good way - --liz: silver by the way was up 3% and gold and silver, it's new highs. >> this would be interesting to see, and u you know, a flight to quality in situations like this would be fascinating to note. liz: bitcoin is down, 4.6%. everything is except for vicks. up about 17% and up 27% earlier. >> bitcoin takes energy to produce. there's all these weird plays out there. i would say for the average person, this is a big story. keep an eye on it. it'll have implications for portfolio and higher gas and ol

and wicked implications and this is -- if this takes off in a negative way, by the way, it might be tit for tat and go a way. liz: hit hit. >> and we're done. we hope for that but if it's n ot, just be prepare asked there's all sorts of ramifications even including the presidential election. i don't know, you know, if you have a spike in oil prices and higher rate and, you know, could have everything from stag police station to economic slowdown, plus a higher inflation. that's going to be very hard for joe biden to rationalize going forward. keep an eye on all this. l iz: that you can't, charlie. that's a perfect segue to what we're about to talk about. checking the markets here, c losing market market four minutes away. yes, the markets are lower as investors eye the situation charlie was talking about in the middle east. s&p and nasdaq are down as you see, s&p down about 1.5%, the nasdaq down 1.6%.

just today alone, now for the week, so much for yesterday when the nasdaq punched into the green for the week. that's not happening. down half a percent but s&p down 1.6. dow is getting dinged down 2.5% for the week. one thing, there are four dow stocks in the green. apple at the very top and apple moving higher by nearly 1%. it is at the top of the dow, but down 8% for the year. markets are pricing in and t alking about interest rate c uts. a 27% rate cut in june. that is a massive drop off from when there was a 58% chance of a cut just three days ago. our count down closer says not only he's not betting on a cut, but that he's bet betting that the fed could even tighten rates and he shares stocks that are going to do well he says in the case of a rate tightening. we bring in host of bubba show,

host bubba horowitz. saratogaly was saying high m odties and may have to tighten rates and maybe just a tiny bit. what are the stocks that would do well in that atmosphere? >> hi, liz. what you're looking for here is things that are not as affected because there's a higher probability that the fed's going to hike rates and they cannot legitimately cut based on data and based on what's going on unless it's a political move or going into a major depression. alternative energy, nexterra, n ep and they're limited partnership and alternative energy doing very well ask they play a very solid dividend of 12%. when you look at bigger picture, yeah, getting a by dividend and they're not necessarily a gift. they're more risk, but you're getting a stock that has more volatile and more opportunity especially now with oil prices going higher and if this escalates in the mideast and oil

back over $100 a barrel. we need alternative energy s paces so i think nep is a great play at this level here and i think it's got a beat potential with 12.2% dividend. liz: yeah, count down closer picked nextera energy partners and that portion of nextera. do these work if the fed ends up cutting rates, todd? second pick is meta wound, adm. what if the fed ends up cutting and are we stuck with three n ames that don't work? that's not going to change and they're not going to aif he could interest rates. >> inflation are not going to affect the med cat field f. you've got skin cancer, omenta better way to take care of it. meta wound with great stuff on the books and great stuffs in the pipeline.

hammered entire year for the last two years and we're going to stop eating, i can see it's not going to be well. we'll need to feed our cat and will have our grains go well and and down about 40% from the h ighs is a solid player with a small dividend of 3%. liz: 10, 15 seconds. are you watching your screens all weekend with this israel iran tension? guilt have masters but israel in my ear and big concern of israel and i'm sorry that we have not done a better job taking care of them as we should. liz: well, the president saying we have israel's back and iran should absolutely not think about watching any kind of attack. thanks to todd and here we go. the closing bells as we close out the week, yes, markets are in the red not just today but for the week. gold of course hitting a record earlier today. ♪ larry: hello, folk